Consumer prices in July held steady from the month prior, neither increasing nor decreasing...While overall prices were steady and core prices advanced moderately, rents rose in a sharper fashion...Because overall price growth is low and core price growth is near the Fed's target of 2%...the Fed has room to continue the current policy stance of keeping interest rates slow.  couled with risign incomes, low price growth means more purchasing power for consumers, bu the threat of higher taxes if Congress cannot reach a deal to avert the fiscal cliff could derail what may otherwise be a positve future for consumers.

 
Posted by Suzi Boyle on 08/19/2012 10:10 AM   Comments (0)   in the ActiveRain Channel   consumer price  
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Suzi Boyle

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